Re:Portugal just ran on 100% renewables for six days in a row
by fyrn_ on Thursday November 16, 2023 @09:30PM
(#38298610)
Back before the interest rate increases even barely tenable projects were doable. Cost of financing is higher now, so the risk equation changes.
That company is still going ahead with a project in New York, and Jersey has another wind projected lined up from another company.
Wouldn't take this single data point as indicating anything meaningful
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Re:Portugal just ran on 100% renewables for six days in a row
by hef19898 on Friday November 17, 2023 @02:51AM
(#38300709)
Yeah, start-upsnonly fail because of the interest rate hike and not because they are unsustainable businesses. But other sectors requiring serious financing are absolutely not affected... Not.
Re:Portugal just ran on 100% renewables for six days in a row
by Symbiote on Friday November 17, 2023 @04:14AM
(#38301223)
Ørested isn't a startup, it's a decades-old energy company which built the first off-shore wind turbines. It used to be called DONG, Danish Oil and Natural Gas.
Re:Portugal just ran on 100% renewables for six days in a row
by hef19898 on Friday November 17, 2023 @04:58AM
(#38301521)
And their projects still need outside funding. Funding which is impacted by inflation and intrest rates, expoaing the project, and hence the company behind it, to financial impacts the same way start-ups are: money all of a sudden isn't free anymore.